Profit Improvement Services Chartered Accountants London UK

Winters Chartered Accountants and Registered Auditors
29 Ludgate Hill
London EC4M 7JE
England, UK

Tel:
+44 (0) 20 7919 9100

Fax:
+44 (0) 20 7919 9019

Profit Improvement - Topical Articles

Has your Business Experienced Increases in Energy Costs?

Energy bills have risen around 40% over the last 12 months. This is due to a number of factors including:

Oil Price Increases

Continental gas prices are still directly linked to oil prices so the recent high oil prices of over $60 a barrel have driven up the price of gas. This increases UK gas prices because Britain is connected to the European gas market through the gas interconnector pipeline.

Coal Price Increases

Coal accounts for around 35% of Britain’s generation.

Gas Price Increases

In the last 2 years the price of gas has increased due to high oil prices and declining UK gas supplies.

Environmental Costs

The Government and EU have put in place the EU- Emissions Trading Scheme to cut carbon and other environmentally harmful emissions. This increases wholesale electricity prices as it is likely to curb output at coal –fired power stations. In addition, the EU’s Large Combustible Plant Directive is also likely to increase the price of coal –fired generation when it comes into force in 2008, in order to reduce carbon emissions.

Transporting Energy

In recognition of the need to replace distribution networks, Ofgem allowed energy companies to increase distribution prices by 1% in 2005, thereafter to increase in line with inflation.

What can you do?

Winters Profit Improvement Service offers expert advice and assistance on minimising potential increases in energy bills, perhaps even reducing the prices you are currently paying. We also offer larger clients Energy Consumption Audits, helping you to reduce your energy usage. All on a “No Savings, No Fee” arrangement, making it self- financing.

Further details of Winters Profit Improvement Service can be found on our Profit Improvement page. There may be a range of costs that we can help you better manage.

If you are interested in a free no obligation meeting to discuss this service please contact Ian Warwick on 020 7919 9100 or your usual contact Partner.

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